On America’s list of New Year’s resolutions, “spend less and save more” is in the top 10, at least according to the latest Marist Poll. But Congress is going in the other direction.
If nothing changes, Republican leaders are poised to add a few trillion dollars to the national debt over the next decade. GOP lawmakers like to tout where that money would go — to pay for things like tax cuts and bolstering the military. But Republicans speak far less often about the trade-off: more debt.
Here’s a look at some of the potential red ink:
Republicans insist they will work toward a balanced budget, but they have not yet passed any measures to move the dollar needle toward that course. House Speaker Paul Ryan is pushing for entitlement reform, which would cut spending from some of the nation’s largest government programs, potentially including Medicare. But Senate Majority Leader Mitch McConnell has said he does not see the idea making it through his chamber.
Lisa Desjardins is a correspondent for PBS NewsHour, where she covers news from the U.S. Capitol while also traveling across the country to report on how decisions in Washington affect people where they live and work.
Support Provided By:
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.
Thank you. Please check your inbox to confirm.
Additional Support Provided By: